Activity in the manufacturing sector in Europe is getting closer to 50, resulting in net increases in "carry trades".

[RTFX-Trading]

Activity in the manufacturing sector in Europe is getting closer to 50, resulting in net increases in "carry trades".

The deterioration of activity in the manufacturing sector in Europe has significantly fallen. The PMI manufacturing index in the Euro area has risen to 46.3 in July, up to 45.7 in Germany, 48.1 in France and 44.3 in Switzerland. The index is approaching 50. Above this key figure shows expansion of activity. Investors are buying the "carry trades", the GBPJPY is up 0.76% to 159.26 and the NZDJPY up 0.78% to 63.13.




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